Hat-tip Labour Matters
Further to my post on 30th August about Tory millionaires, where I wrote "Look out for policies that will specifically help millionaires and ignore everyone else", the Telegraph reports that the Conservatives are planning to raise the inheritance tax threshold to £2 million.
Surely they've proposed this just so the likes of David Willets (worth £1.9 million), Caroline Spelman (worth £1.5 million) and Michael Gove (worth £1 million) are taken out of the tax altogether, and people like George Osborne (worth £4.3 million), David Cameron (worth £3.2 million) and William Hague (worth £2.2 million) have their liability cut sharply.
Indeed it's likely that the initial £1 million tax threshold they proposed last year was just a trial balloon to see if anyone objected. If no one objects to this, watch for them to try to raise it to £5 million. Nests, feathering, anyone?